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Owens Corning (OC.N)

OC.N on New York Stock Exchange

83.03USD
21 Feb 2018
Change (% chg)

$-4.20 (-4.81%)
Prev Close
$87.23
Open
$86.00
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$86.04
Day's Low
$82.77
Volume
534,574
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295,970
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$96.51
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$57.40

Latest Key Developments (Source: Significant Developments)

Owens Corning Estimates Tax Cuts Will Result In Non-Cash Charge Of About $100 Million
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Owens Corning ::OWENS CORNING SAYS ‍CURRENTLY ESTIMATES THAT TAX CUTS & JOBS​ ACT WILL RESULT IN ONE-TIME, NON-CASH CHARGE OF ABOUT $100 MILLION IN Q4 OF 2017 - SEC FILING.  Full Article

Owens Corning Files For Potential Mixed Shelf
Friday, 12 Jan 2018 

Jan 11 (Reuters) - Owens Corning ::OWENS CORNING FILES FOR POTENTIAL MIXED SHELF; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Owens Corning Declares Fourth-Quarter 2017 Dividend
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Owens Corning ::DECLARES FOURTH-QUARTER 2017 DIVIDEND.DECLARED A QUARTERLY CASH DIVIDEND OF $0.21 PER COMMON SHARE, A 5% INCREASE COMPARED WITH PRIOR QUARTERLY DIVIDEND.  Full Article

Owens Corning entered into two loan agreements related to proposed acquisition of entire capital stock of Parry I Holding AB​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Owens Corning :Owens Corning-on Oct. 27 , co entered into two loan agreements associated with its proposed acquisition of entire capital stock of Parry I Holding AB​.Owens Corning - ‍term loan agreement provides for a term loan facility in an aggregate principal amount of $600 million - SEC filing​.Owens Corning - ‍364-day loan agreement provides for a term loan facility in an aggregate principal amount of $300 million​.Owens Corning - ‍borrowings under credit facilities may be used by company to finance acquisition of entire capital stock of Parry I Holding AB​.Owens Corning - ‍term loan credit facility matures on earlier of three years after funding or date of acceleration pursuant to its terms​.Owens Corning - ‍364-day credit facility matures on earlier of October 26, 2018 or date of acceleration pursuant to its terms​.  Full Article

Owens Corning to buy European mineral wool maker Paroc Group
Monday, 30 Oct 2017 

Oct 29 (Reuters) - Owens Corning -:Owens Corning to acquire Paroc Group, a leading European mineral wool manufacturer.‍signed agreement with CVC Capital partners to acquire Paroc Group for enterprise value of approximately EUR 900 million​.‍transaction is expected to be immediately accretive to 2018 earnings per share, excluding transaction and integration costs​.‍transaction is expected to yield a run rate of operational synergies of eur 15 million by end of 2019​.‍company plans to finance acquisition through a combination of long-term debt and pre-payable bank financings​.  Full Article

Owens Corning says Q3 earnings per share $0.85
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Owens Corning -:Owens corning reports third-quarter 2017 results.Q3 earnings per share $0.85.Q3 sales $1.7 billion versus I/B/E/S view $1.63 billion.Q3 earnings per share view $1.26 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.25.Owens Corning - sees ‍capital additions in 2017 to total approximately $385 million​.Owens Corning - ‍retired remaining $144 million of outstanding bonds maturing in 2019, and $140 million of bonds maturing in 2036​.Owens Corning - ‍continues to expect 2017 adjusted EBIT of at least $825 million​.Owens Corning-sees environment consistent with consensus expectations for U.S. housing starts, improving global industrial production growth in 2017​.Owens Corning - ‍ in composites, for 2017, co now expects EBIT growth of about $20 million for full year ​.Owens Corning - ‍ in insulation, company continues to expect to deliver revenue growth of more than $250 million and EBIT of about $185 million for FY 2017​.  Full Article

Owens Corning files for senior notes offering up to $400 mln
Friday, 5 Aug 2016 

Owens Corning :Owens Corning files for senior notes offering of up to $400 million - SEC filing.  Full Article

Owens Corning files for senior notes offering
Wednesday, 3 Aug 2016 

Owens Corning :Files for senior notes offering; size not disclosed - SEC filing.  Full Article

Owens Corning reports Q2 adjusted earnings per share $1.29
Wednesday, 27 Jul 2016 

Owens Corning Reports Second : Q2 earnings per share $1.19 . Q2 sales $1.55 billion versus I/B/E/S view $1.47 billion . Q2 earnings per share view $0.86 -- Thomson Reuters I/B/E/S . Company expects full-year adjusted ebit of $700 million or more . Capital additions in 2016 are expected to total approximately $385 million . "company expects an environment consistent with consensus expectations for u.s. Housing starts and moderate global growth" . Company expects full-year adjusted ebit of $700 million or more . Says plans to invest $110 million in expansion of its composites operations in india to serve growing indian market . Owens Corning says in insulation, company continues to expect slightly negative revenue growth and relatively flat margins for full year . In roofing co now expects low double-digit growth of u.s. Asphalt shingle market for 2016 . For roofing, company anticipates second-half shipments to be slightly down to flat versus prior year .In insulation, company continues to expect slightly negative revenue growth and relatively flat margins for full year.  Full Article

BRIEF-Owens Corning Reports Q4 Loss Per Share $0.04

* ‍COMPANY EXPECTS GENERAL CORPORATE EXPENSES TO BE BETWEEN $140 MILLION AND $150 MILLION IN 2018​